The Uniform Prudent Management of Institutional Funds Act applies to institutional funds existing on or established after July 1, 2009. As applied to institutional funds existing on July 1, 2009, the Uniform Prudent Management of Institutional Funds Act governs only decisions made or actions taken on or after July 1, 2009. Decisions made and actions taken before July 1, 2009 are governed by the Uniform Management of Institutional Funds Act [repealed] as if that act had not been repealed. History: Laws 2009, ch. 130, § 8. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law. Laws 2009, ch. 130, § 11, repealed the Uniform Management of Institutional Funds Act, effective July 1, 2009. Effective dates. — Laws 2009, ch. 130, § 12 provided that the act was effective July 1, 2009.
New Mexico Legal Code